Given the looming economic crisis and global recession, SMEs are facing tough times, especially those that do not maintain proper books of accounting for their finances. This article aims to enlighten our readers, most especially entrepreneurs, about various financial tools needed to properly run their SMEs. The EU defines SMEs (EC, 2003) as independent micro, …
As the new year comes with new surprises and excitement, it is easy to lose yourself in over-spending. This article will help you understand the need for a financial plan and ways to set one up. We all want to have good money management skills. This includes creating and sticking to a financial plan, whether …
When borrowing or investing, we are always concerned about the applicable interests. Borrowers want lower interest rates. Investors want higher interest rates. Interest rate is the cost of borrowing money or the reward for lending or saving money. INTEREST RATES AND YOU FIXED AND VARIABLE RATES: Financial institutions charge fixed or variable rates on loan …
Inflation, unemployment, and exchange rates have been on the high side in Nigeria in recent times. As a result, it is normal for the people to be concerned about the country’s economic situation. We would like to help you understand how the economy works. WHAT IS AN ECONOMY? An economy, in simple terms, is the …
Have you ever had that million-dollar idea you felt pretty good with, but could not pursue due to finance issues? How to set up a business and turn it into a unicorn company is one of several questions ravaging the minds of young entrepreneurs in Nigeria. Although the odds of startups being successful in Nigeria …
Broadstreet Financial Review 